Even though surveys show only about 2% of households own crypto, regulators are bracing for the EU's Markets in Crypto Assets (MiCA) rules for service providers.
Several regulatory initiatives are underway to expand oversight of this nascent industry, the former head of fintech at the U.K. Financial Conduct Authority writes.
Klaas Knot called the appealing localities with lax restrictions "sunny places for shady people." He was part of the only mainstage panel focused explicitly on crypto at this year’s World Economic Forum.